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5 days agoCan someone more knowledgeable about politics than me please tell me how 1 person can just slap on tarifs willy-nilly?
Shouldn’t things like this have to go through some sort of vote in congress?
Could the US president just call up all CEOs that use steel and be like: “gonna need some donations or I’ll put some tarifs on any imported steel”?
I somewhat agree with you. And I 150% agree that “rent seeking behavior” doesn’t add to society.
But what if you want to sell a product you designed but can’t afford to create it or to setup a factory for it, so you want funding, so you try to get investments, maybe by selling equity in your company. Is that not valuable to society? The people that take the risk that your product may not sell?